Global fund, corporate and private client services provider JTC has raised £65.9m from its first capital markets placing since the group listed on the London Stock Exchange in 2018.

The placing saw strong demand from institutional investors and comes off the back of its 2020 full year results which revealed a 15.9 percent increase in total revenue to £115.1 million and a 9.4 percent rise in underlying EBITDA to £38.7 million, representing an underlying EBITDA margin of 33.6 percent.

JTC said the money will be used to fund a pipeline of near-term acquisition opportunities as well as to maintain a strong balance sheet....